CAPITAL MARKETSIn a move to unify KYC norms, the Securities and Exchange Board of India (Sebi) has prescribed a standard account opening form (AOF), which will be divided into two parts--Part I of which will contain the basic KYC details of the investor used by all SEBI-registered intermediaries, while Part II will contain additional information specific to the area of activity of the intermediary.
Rs 22,500 cr was the estimated unclaimed money lying with the EPFO as on March 31, 2012
The Sebi has, in consultation with RBI, prescribed the framework for stock exchanges to launch cash-settled interest rate futures on 10-year G-Sec. A circular issued in this regard has put a cap on the gross open positions of the FII across all contracts at 10% of the total open interest or Rs 600 crores, whichever is higher.
BANKINGThe Reserve Bank of India (RBI) has extended the date of issue of inflation-indexed savings certificates to 31 March 2014. The bonds were originally slated to be issued from 23 December to 31 December 2013.
INSURANCEThe Insurance Regulatory and Development Authority (IRDA) has allowed insurance companies to invest in equity exchangetraded funds (ETFs) of mutual funds.
PENSIONThe Pension Fund Regulatory and Development Authority has discontinued remittances of NPS contribution through physical instruments. It will allow remittances solely through electronic mode from April 2014.
